XML 23 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Royalties $ 1,743,747 $ 1,671,070
Research and development, net (17,759) (12,738)
Total revenues 1,725,988 1,658,332
Costs and Expenses:    
Cost of royalty revenues 88,773 84,092
Research and development 6,828,064 4,718,972
In-process research and development   24,347,815
General and administrative 3,616,085 3,529,002
Total costs and expenses 10,532,922 32,679,881
Loss from operations (8,806,934) (31,021,549)
Other Expense:    
Interest income 105,194 40,271
Interest expense (739,757) (866,945)
Total other expense, net (634,563) (826,674)
Net loss $ (9,441,497) $ (31,848,223)
Net loss per common share (basic and diluted) $ (0.07) $ (0.30)
Weighted average common shares (basic and diluted) 129,019,984 107,934,493
Total comprehensive loss $ (9,409,710) $ (31,839,628)